Grants and Endowments Benefit LA Day Schools
More than half the students in Los Angeles Jewish day schools receive financial aid to pay tuition, which runs between $12,000 and $30,000 per year. And with both tuition and the number of students requiring aid expected to continue climbing, BJE: Builders of Jewish Education is partnering with local donors and national organizations both to alleviate the immediate crisis and work toward long-term solutions for lowering the cost of Jewish education.
Last week, BJE announced that Los Angeles is one of three cities to split a $3.1 million Generations grant from the AVI CHAI Foundation and the Partnership for Excellence in Jewish Education (PEJE) that will provide seven day schools with financial aid dollars and training and resources necessary for developing an endowment capable of spinning off funds in perpetuity. BJE raised $600,000 to match AVI CHAI’s contribution to secure the grant, and is now accepting applications from elementary, middle and high schools.
… Only a few of Los Angeles’ 38 Jewish day schools have any sort of endowment, and the Generations grant joins other initiatives that in the last few years have focused on endowment.
A Jim Joseph Foundation grant totaling $12.7 million gave five Los Angeles Jewish high schools money to provide scholarships to middle-class families who earn too much to qualify for financial aid but still struggle to pay tuition. The grant came with funds to hire and train development staff, and required schools to raise their own monies for endowment.
Now completing the second year of a six-year cycle, the five high schools have raised a combined $2.3 million for their endowments.